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What is the approximate current price of preference share

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Reference no: EM132752088

The Burleigh Basin Surf Co. issued perpetual preference shares at a price of $100 approximately 8 years ago. The company pays a quarterly dividend of $2.60 on these shares.

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Problem 1: What is the approximate current price of this preference share given a required rate of return of 12.5% (round to the nearest $2)?

Reference no: EM132752088

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